I understand completely, your endless losses are only on paper and your thesis BTU has nowhere to go but up remains intact. Apparently Goldman is babbling about a new forecast that met coal could fall to $120 a metric ton by the fourth quarter and thermal coal could tank also. Avoid companies such as BTU that possess weak balance sheets they proclaim, but I am quite sure your thorough examination of BTU's financial statement prove that to be a falsehood. It is so reassuring to have a CPA such as yourself on this message board, although it is quite odd in a previous post you stated you need to talk to your accountant? Anyways, the search is still on for the idiots who sold BTU $13.80. Keep chuckling all the way to the bank!
Mr. Sphincter989 we are presently searching for the idiots who sold yesterday at $13.80, apparently they did not receive your memo BTU has nowhere to go but up. We will keep you informed of our progress. In the meantime keep laughing and enjoy your gains.
Rather curious Sphincter989 claims to be a CPA but if you review his previous posts he states he will be calling his accountant. It begs the question why would a CPA have an accountant? It is well documented Sphincter a fool but a liar too?
Actually I am quite convinced Sphincter989 has earned the title of Certified Public (A)Derriere evidenced by his endless bonehead comments and of course that adolescent laugh. As you stated, truly remarkable someone who has been so painfully wrong for such a long length of time is so cavalier, clueless to his severe mental shortcomings.
Keep pouring through the financial statements, your analytical abilities, critical thinking skills are truly astounding! What is your price target for BTU in the next 12 months? Thanks in advance.
DO and RIG down 1.7%...NE down 3.17%. Makes zero sense. NE much better positioned, newer rigs, et cetera than RIG and DO yet NE down nearly twice as much. Small float will eventually work in NE's favor but today it is certainly working against the longs.
Just look at all the low-lives involved with Sears....Prepare for bankruptcy and plenty of lawsuits soon.
Yes rig rates are presently falling but this is only a temporary phenomenon and will most likely reverse course in the next 12 to 16 months as the demand for oil continues it's upward trajectory as our largest populations such as China and India grow their middle classes and they fulfill their dream of owning an automobile. Deep water remains the source of our most plentiful bounties of crude and will play a major role in the coming decades to meeting our growing energy needs. Noble Corp possesses a modern fleet that will take full advantage of this reality in the future. Cash flow will increase dramatically in 2015 as new rigs come online and will secure the handsome dividend now closing in 6%. But the real play at the present price are capital gains which will surly come to fruition when the cycle turns and older rigs are mothballed. In many ways the current downward price in rates is a blessing as the expenditures for new rigs comes to a standstill which will lead to a dearth of deep water rigs available when the tide eventually turns pushing day rates much, much higher. NE trading at $25.45 is a goldmine for anyone with a forward thinking mindset which should be the mindset of anyone who comprehends what investing is all about. Too bad so many so-called myopic analysts don't get it and refuse to recognize the future only living in the present.
Coal is dead! America will no longer support an industry that poisons our children's future!
And reassuring Putin Exxon is fully behind their investment in the country, their many joint ventures?
1. Dividend Yield Alone... 3.8% compared to 10 year Treasury currently yielding 2.37%
2. Capital Appreciation... EXC trading a mere 13 times next year's earnings, S&P 500 avg PE 17.
3. Closing of Coal Burning Power Plants...Translates into higher electricity prices, very good for EXC's merchant side of business.
4. Rising Nat Gas Prices...As the infrastructure continues to come online, U.S. Liquid Natural Gas will be exported to areas of need/ higher prices for the commodity, such as Asia, Europe, this in turn means higher prices for electricity here in the USA, meaning higher margins for EXC's merchant business, greater profits.
5. Tax On Global Warming Gasses...Some time in the future this will be a reality and will be a bonanza for EXC's nuclear electricity producing fleet, free of carbon and methane emissions. Profit margins soar!
6. Safe Haven Characteristics... Very important in such a volatile world.
7. Monopoly In Nuclear Generation...Extremely time consuming and expensive to build new nuclear plants, much easier and less expensive to simply expand capacity of existing nuclear plants. EXC is positioned very well in this regard.
Sears was trading $150 at the time.
No surprise Sears continues it's death spiral.
What kind of deranged fool posts nonstop political garbage on a finance message board?!
Who in their right mind posts his hate for our President nonstop on a finance message board?! The guy needs some medical help immediately!
What sort of tortured soul spends his miserable existence posting nonstop his hate of our President on a finance message board?! Does this deranged fool truly believe anyone of right mind appreciates his incessant drivel? My guess is Patriot also possesses psychopathic qualities otherwise he would not continue his daily manifesto postings knowing full well his actions are strongly disapproved of.
EXC is a merchant utility which is quite different than a regulated utility in the sense EXC's fortunes are very much tied to the wholesale price of electricity on the open market. EXC's nuclear fleet generates more electricity than the customers they serve require on the regulated side of their business, they sell that excess capacity on the open market to other regulated utilities who do not generate enough electricity to serve their customers. So the open market price of electricity is critical to EXC's earnings and the direction of the stock.
Therefore the true premise of purchasing EXC's stock at these levels is the belief wholesale electricity prices will rise in the future as coal burning power plants continue to be shuttered and natural gas prices rise as the United States ramps up exporting Liquid Natural Gas to areas of great need and higher prices such as Asia and Europe where the price of the commodity is nearly 3 times higher than here in the states. Being coal and natgas are two of the three major sources of electricity generation, nuclear being the third, these changing dynamics will certainly raise the price of electricity in the future which will be a bonanza for EXC's earnings.
Another plus is some form of carbon tax is a certainty as the costs of global warming continues to rise which is a large plus for EXC's carbon free nuclear generation. And because the expense and time to build competing nuclear generation is very high, EXC possesses almost monopoly qualities in this regard. The cost to expand existing nuclear facilities generation is surprising low, another huge plus in the future.
One also has to keep in mind EXC was trading well over $50 a share last time natgas prices approached the prices presently paid in Europe and Asia, and that was when coal was still a huge player. So we have a long ways to run in the larger picture. Good luck to all.
Mgt will be cashing in very soon as they are fired for destroying the company. Quite the gig, get rich beyond your wildest dreams via criminal activity, incredible incompetency.